X0508 4 2024-09-17 1 0000845819 KonaTel, Inc. KTEL 0001917568 Welch Jason N. 135 LIBERTYVILLE ROAD SUSSEX NJ 07461 0 0 0 1 Consultant in same capacity 0 Option 0.37 2024-09-22 2028-09-22 Common Stock 250000 250000 D Option 0.37 2025-09-22 2028-09-22 Common Stock 250000 500000 D Option 0.37 2026-09-22 2028-09-22 Common Stock 250000 750000 D On September 17, 2024, the Company's Board of Directors adopted resolutions to reprice the 750,000 ISO's from an exercise price of $0.809 to the closing price of $0.37 at September 16, 2024, with all other terms and conditions of the originally granted ISO's to remain the same. Mr. Welch's Incentive Stock Option Agreement states that his options post employment would have expired 90 days from the reduction of force date, or November 15, 2024. Mr. Welch went from serving as an officer at the Company's subsidiary, IM Telecom, LLC to a consultant. The Board of Directors resolved to extend the "Expiration Date" an additional 180 days or until August 12, 2025. Mr. Welch is currently consulting in the same capacity as his previous officer position, pending growth initiatives to materialize. /s/ Jason Welch 2025-03-24